Results 361-380 of 1,066,912 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Peter Power OR speaker:Brendan Griffin OR speaker:Michael Ring OR speaker:Eoin Ó Broin OR speaker:Willie O'Dea OR speaker:Cormac Devlin OR speaker:Colm Burke OR speaker:Pádraig Mac Lochlainn OR speaker:Malcolm Noonan OR speaker:Mairead Farrell OR speaker:Jackie Cahill OR speaker:Michael McNamara OR speaker:James O'Connor)
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is entirely from State sources. My understanding is that the LDA is a commercial State-owned enterprise and that approval had to be granted by the European Commission to grant it off-balance sheet status. Is that correct?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Given that the Land Development Agency has yet to turn a profit and is reliant on State financing, does Mr. Coleman have any concern about compliance with state aid rules?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: There are no concerns at all in the medium- to long-term.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: My understanding is that the Land Development Agency would need to be returning a profit. It seems Mr. Coleman is unsure as to when the Land Development Agency will be in position to borrow and that we will be looking at continued long-term capitalisation from the Government. Mr. Coleman just mentioned the extra €1.25 billion in funding he expects from Government but we do not know...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Okay, the Land Development Agency is on-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I thought the Land Development Agency was off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I am a bit concerned in terms of the long-term nature of the funding but we are in a serious housing crisis. As for the land the Land Development Agency has been seeking for the delivery of affordable homes - I am from Galway where we really are looking for affordable homes - lands where homes are delivered directly can be used or it can consider the purchase of affordable homes from...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is €409,000. What is the average cost for the houses purchased from Cairn Homes in Citywest?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Is Mr. Coleman sure that capital expenditure is definitely not off-balance sheet?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is definitely my understanding that it is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Can any of the witnesses confirm that?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: My understanding was that the capital expenditure was off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Okay, so capital expenditure is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is off-balance sheet.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: That changes things but we will go back to that in a moment because I am still looking at-----
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Yes.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: Okay, we will go back to Cairn Homes and I will see what I can find out in the meantime. What was the average cost to purchase a unit from Cairn Homes?
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: It is €435,000. I understand from the NewERA report that the LDA's direct delivery costs are quite similar to the costs for Project Tosaigh. Is that the case? I am just receiving information that the LDA is off-balance sheet but we will have to come back to this. This is taken aside from what I was going into. When a buyer wants to buy a house outright, what seems to be...
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I want to keep going back to the off-balance sheet issue because I only have a few minutes and it keeps coming up.
- Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)
Mairead Farrell: I know that. It is my first time at this committee. It is my understanding the LDA's borrowing is potentially off-balance sheet too. Can full clarification on that be brought back to the committee? Is that easiest?